07-21-2011, 05:57 PM
hi ASA, i m an ACCA student and also doing articles from a firm. nowadays i m doing audit in a company situated in DHA and i m faced with a problem.
i m auditing the accounts from 1/7/2010 to 30/6/2011.
i came across a bill of 12,300 dated 18-6-2010 i.e mobile bought for the employee.
company paid 10,000 on the whole
no recording of discount received
and moreover the bill was recorded on 16/3/2011 i.i the previous year's bill was paid in the current year.
what could be the adjusting entries.
i m looking to anyone's reply who is willing to help me.thanks
i m auditing the accounts from 1/7/2010 to 30/6/2011.
i came across a bill of 12,300 dated 18-6-2010 i.e mobile bought for the employee.
company paid 10,000 on the whole
no recording of discount received
and moreover the bill was recorded on 16/3/2011 i.i the previous year's bill was paid in the current year.
what could be the adjusting entries.
i m looking to anyone's reply who is willing to help me.thanks
